Bank of the Capital - Albany, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 12, 1863
Location: Albany, New York (42.653, -73.756)

Metadata

Model: gpt-5-mini
Short Digest: 42990d80

Response Measures

None

Description

Article (New-York Daily Tribune, 1863-05-12) states the Receiver of the Bank of the Capital has collected enough to pay outstanding claims and a 10% dividend to stockholders, indicating the bank had been placed in receivership and is being wound up. No run is mentioned in the article.

Events (1)

1. May 12, 1863 Receivership

Newspaper Excerpt: The Albany Argus states that the Receiver of the Bank of the Capital at that city has collected enough to pay all outstanding claims against the Bank, and 10 per cent dividend to the stockholders.
Source: newspapers

Newspaper Articles (1)

1. May 12, 1863 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, May 12, 1863

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Article Text

# FINANCIAL NEWS Total.$38,537 90 $52,179 84 $13,640 94 Aggregate for 354 miles... $159,056 02 $306,696 76 $147,640 74 The deposits with the Sub-Treasurer to-day for conversion into five-twenties were about $1,300,000. The actual disbursements of the Treasury were about $2,000,000. Money is quoted easy again to-day at 5@6 cent on call. The vitality has been crushed out of gold by the favorable news from the army, and the gold bulls are wearing long faces. The operations have been unimportant, and the quotations have ranged between 148@149, closing at 148½. The exchanges at the Bank Clearing House this morning were the largest ever made since the formation of the association—$76,691,923 45. At the annual meeting of the Board this morning the following officers were elected for the ensuing year: President, H. G. Stebbins; First Vice-President, M. A. Wheelock; Second Vice-President, B. A. White; Treasurer, W. A. Smith; Secretary, G. H. Brodhead; Assistant-Secretary, J. W. Munro; Roll-Keeper, E. A. Shipman; Bond Committee, W. H. Neilson, A. Campbell, P. Marié, C. R. Marvin, Jas. W. Underhill; Arbitration Committee: E. D. Stanton, N. G. Bradford, Wm. B. Clerke, W. S. Nichols, B. M. Nevers, O. D. Ashley. Mr. Stebbins fills the vacancy caused by the resignation of Mr. A. B. Baylis and the election, for we think the fourth time, is a high compliment paid him by his business associates. The Albany Argus states that the Receiver of the Bank of the Capital at that city has collected enough to pay all outstanding claims against the Bank, and 10 per cent dividend to the stockholders. The Bank statement of the week shows a continuance of the expansion in loans of two and three-quarter millions. The Specie line also shows an expansion, consequent partly upon the payment of interest in gold on the temporary loan to Government. The deposits show a small decrease. The following is a comparative statement of the condition of the banks of New-York City: